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Updated over 6 years ago on . Most recent reply

Scott L.'s profile image
Scott L.'s profile image
Scott L.
  • from Broomfield, Colorado
  • Member since Aug 19, 2012

User Stats

47
Posts
43
Votes
Scott L.'s profile image
Scott L.'s profile image
Scott L.
  • from Broomfield, Colorado
  • Member since Aug 19, 2012
Scott L.
  • Broomfield, CO
43
Votes |
47
Posts
Starting Out

Rental Renovation - Increased Rent and Break Even Time

Scott L.
  • Broomfield, CO
Posted

If I renovate my rental property by doing $8000 in upgrades, I can increase rent by $200 per month. The break even is just over three years.

Looking at only cashflow, would you do these upgrades? What reno returns do you shoot for?

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